I'd be pretty wary of unmarked equipment. it definitely will not be very quality stuff. you get what you pay for essentially.
However if your really not that serious about longboarding I'm sure it will work. It's not like that stuff won't work, its just how well its going to work.
As for more quality equipment. You can get a VERY good setup through online stores like daddiesboardshop.com for around 100 bucks. PM me if you wanna go this route and I can help you out