Never heard of the brand, but if that was close to me I'd be tempted to have a punt... it's one of those ones where it's such a crappy picture and vague description you never know if there might be a a wee gem of a snare or cymbals included in the lot.
That is a genuine Olympic set complete with the faded Red wrap which is common. Premier re-introduced the name around 1991 with Far Eastern made drums in good old Red, Black and White also a range of hardware and even a rack! Still lots of them on the go so must have been not too badly built.