SMGM-3157 NSDAP Multipiece pennant

A very nice multi piece pennant with separate roundels sewn on each side. The swastikas are screen printed. The red field is a two piece design. The rings are chrome plated steel with some sort of suspension ribbon. The ribbon has multiple factory cuts up and down the entire length of the ribbon. I’m not sure if this ribbon is period correct or added later. It looks like it was elastic at some point but that is no longer the case.  11.5×7.5inches