The screw down crown is not really an integral part of a watch being water resistant. There are plenty of water resistant watches out there that do not have screw down crowns. The screw down crown is more for ensuring the crown is not accidentally pulled out while under water.
There are 2 considerations when determining if a specific watch is water resistant...design and condition.
Some watches are just not designed to be water resistant, so they may have features like dust roof crowns, snap on case backs with no gasket, etc. Even if a watch has been designed to have water resistance, of course the seals and sealing surfaces must be in good enough condition to do their jobs.
Cheers, Al
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