Mondia first began making watches around 1935. But it isn't until the 70's that Mondia really began it's bold designs. This particular chronograph is one of a few that stuck and had a few different colors and cases. Perhaps they did it to try to save the company from the wrath of the Quartz crisis.
 
Even to this day, there really isnt anything like it. The oversize 3 o'clock sub dial, known as the "Big Eye", is hugely visible thanks to the silver dial and red markers that compliments it. This was meant to be used as alternative to the big brands who had enourmous success with racing chronographs of their own such as Breitling and Heuer's Carrera and Autavia lines.
 
If you can put asside the chip on the dial, I think you'll find that this Mondia Big Eye could be just as charming as other chronographs of the time and for a fraction of the price. The inverted pushers on these are very unique in design as well. The six markers that are visible in the dial tells you that this piece was carefully crafted by a masterful eye who probably has a huge appreciation for good symmetry. Lastly, the watch functions as it should, it stops and resets at zero.