Looks like what it is to me - cheap. If I were you I would have spent my money on a decent second hand saddle - there are nice second hand Stubben's going on eBay
for £125 ($205) like this one: Stubben Romanus Leather Saddle | eBay
Second handers like that may not look as smart to begin with, but will scrub up really nicely, and a make like Stubben are practically sure to last you a lifetime. My boss has one that she got in the 70s that she still uses today, and is still as comfortable as ever. All it needed was good upkeep (cleaning regularly) and reflocking every once in a while.