Holy shit… None of you are smart enough to go read the fucking manual and find out that the watch is a stopwatch. The top small dial is hours/minutes for the stopwatch. The bottom small dial is seconds for the stopwatch.
For the chronograph - the fucking clock part of it - the standard hours, minutes and seconds hands are used.
The fucking time is 3:15:00. RTFM, morons!
https://www.iwc.com/content/dam/rcq/iwc/15/34/31/6/1534316.pdf