{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/PGN",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PARAGON KGAA  INH O.N. (Xetra: PGN) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PARAGON KGAA INH O.N., listed on Xetra under ticker PGN, with ISIN DE0005558696 and LEI 5299003KK8544RT71R38. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 6 filings in the window 2025-11-06 to 2026-11-06, across 3 filing days. The median gap between filing days is 151.5 days. The latest filing is dated 2026-10-12 and is a newswire release, 25 days before the record date of 2026-11-06. The exchange median for Xetra is 22.8 days of cadence gap across 419 issuers, 6 filings and 5.5 days of latency. The sector median is not on the record for the DE market.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 and determinable for each client category: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe record holds no research houses named on the issuer's investor-relations page, as none was found on the pages read.\n\n## Open research\n\nThe record holds 4 openly published research notes: quirin bank on 2016-08-17, Hauck & Aufhäuser on 2016-06-28, quirin bank on 2015-12-16, and Close Brothers Seydler Research AG on 2012-11-21.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n11 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/5299003KK8544RT71R38 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/PGN (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://paragon.ag/fileadmin/user_upload/PARAGON_AG_20160816.pdf (open research)\n- https://paragon.ag/fileadmin/user_upload/paragon_AG_16-06-28_Update_-_Hauck___Aufhaeuser.pdf (open research)\n- https://paragon.ag/fileadmin/user_upload/Analystenberichte/2016/PARAGON_AG_201512141.pdf (open research)\n- https://paragon.ag/fileadmin/user_upload/Analystenberichte/2012/paragon_AG_Close-Brothers-Seydler_Update_2012-05-29_Initial-Coverage.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/PGN (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
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   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/PGN",
  "coverage": {
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   "houses": [],
   "pages_checked": [
    {
     "page": "https://ir.paragon.ag/download/research/paragon_initiation_BB_07062022.pdf",
     "result": "not readable by this rail (404)"
    }
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   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
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     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
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    "corporate_news": 3,
    "newswire_release": 2
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   "filings": 6,
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   "latest": [
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     "category": null,
     "date": "2026-10-12",
     "source": "https://www.businesswire.com/news/home/20261012031328/en/Rhne-Announces-Agreement-to-Sell-Paragon-Films-to-Atlantic-Ridge-Capital-and-Grafine-Partners",
     "title": "Rhône Announces Agreement to Sell Paragon Films ...",
     "type": "newswire_release"
    },
    {
     "category": "corporate",
     "date": "2026-09-07",
     "source": "https://www.eqs-news.com/news/corporate/paragon-gmbh-co-kgaa-and-two-other-companies-of-the-paragon-group-have-filed-for-bankruptcy/1aedd1d0-24fb-4874-a5c4-07603ada51f1_en",
     "title": "paragon GmbH & Co. KGaA and two other companies of the ...",
     "type": "corporate_news"
    },
    {
     "category": null,
     "date": "2026-09-07",
     "source": "https://www.eqs-news.com/news/corporate/paragon-gmbh-co-kgaa-and-two-other-companies-of-the-paragon-group-have-filed-for-bankruptcy/1aedd1d0-24fb-4874-a5c4-07603ada51f1_en",
     "title": "paragon GmbH & Co. KGaA and two other companies of the ...",
     "type": "newswire_release"
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    {
     "category": "corporate",
     "date": "2026-09-07",
     "source": "https://www.eqs-news.com/de/news/corporate/paragon-gmbh-co-kgaa-und-zwei-weitere-gesellschaften-der-paragon-gruppe-haben-insolvenzantrage-gestellt/1aedd1d0-24fb-4874-a5c4-07603ada51f1",
     "title": "paragon GmbH & Co. KGaA und zwei weitere Gesellschaften der ...",
     "type": "corporate_news"
    },
    {
     "category": "ad-hoc",
     "date": "2026-09-07",
     "source": "https://www.eqs-news.com/de/news/ad-hoc/paragon-gmbh-co-kgaa-and-two-other-companies-in-the-paragon-group-file-for-insolvency/b3e446d5-aa59-4dd4-8d49-cc3d71fd86d2_en",
     "title": "paragon GmbH & Co. KGaA and two other companies in the paragon Group file for insolvency | Ad-hoc - EQS News",
     "type": "ad_hoc"
    }
   ],
   "latest_filing_date": "2026-10-12",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PGN",
   "window": {
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    "to": "2026-11-06"
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    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
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    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE0005558696"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/5299003KK8544RT71R38",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE0005558696)",
    "state": "sourced",
    "value": "5299003KK8544RT71R38"
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   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PARAGON KGAA  INH O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PGN"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
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   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "domicile_change": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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  "open_research": {
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   "rows": [
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     "kind": "issuer-sponsored",
     "publisher": "quirin bank",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://paragon.ag/fileadmin/user_upload/PARAGON_AG_20160816.pdf",
     "state": "sourced",
     "title": "H1-16: Strong sales but low bottom line"
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    {
     "date": "2016-06-28",
     "kind": "issuer-sponsored",
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     "read_date": "2026-11-12",
     "source": "https://paragon.ag/fileadmin/user_upload/paragon_AG_16-06-28_Update_-_Hauck___Aufhaeuser.pdf",
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     "kind": "issuer-sponsored",
     "publisher": "quirin bank",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://paragon.ag/fileadmin/user_upload/Analystenberichte/2016/PARAGON_AG_201512141.pdf",
     "state": "sourced",
     "title": "Premium for the car – premium for the portfolio"
    },
    {
     "date": "2012-11-21",
     "kind": "issuer-sponsored",
     "publisher": "Close Brothers Seydler Research AG",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://paragon.ag/fileadmin/user_upload/Analystenberichte/2012/paragon_AG_Close-Brothers-Seydler_Update_2012-05-29_Initial-Coverage.pdf",
     "state": "sourced",
     "title": "paragon AG – Initial Coverage"
    }
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   "state": "found"
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   "client_categories": [
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    "Geeignete Gegenparteien"
   ],
   "outcomes": {
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     "determinable": true,
     "signal": "ACM-200"
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    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
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   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
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   "url": "https://mcp.de-cm-kg.ai/record/XETRA/PGN",
   "version": 1
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  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
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   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
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 },
 "numbers_hash": "sha256:4567879c9de22d477e353d14ce7ab93ab679d516939fa24c6ee73bec133e1e70",
 "path": "/de/XETRA/PGN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PARAGON KGAA INH O.N., listed on Xetra under ticker PGN, with ISIN DE0005558696 and LEI 5299003KK8544RT71R38. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). Its sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 6 filings in the window 2025-11-06 to 2026-11-06, across 3 filing days. The median gap between filing days is 151.5 days. The latest filing is dated 2026-10-12 and is a newswire release, 25 days before the record date of 2026-11-06. The exchange median for Xetra is 22.8 days of cadence gap across 419 issuers, 6 filings and 5.5 days of latency. The sector median is not on the record for the DE market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, which is a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 and determinable for each client category: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record holds no research houses named on the issuer's investor-relations page, as none was found on the pages read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes: quirin bank on 2016-08-17, Hauck & Aufhäuser on 2016-06-28, quirin bank on 2015-12-16, and Close Brothers Seydler Research AG on 2012-11-21.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "11 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/5299003KK8544RT71R38"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PGN"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://paragon.ag/fileadmin/user_upload/PARAGON_AG_20160816.pdf"
  },
  {
   "for": "open research",
   "source": "https://paragon.ag/fileadmin/user_upload/paragon_AG_16-06-28_Update_-_Hauck___Aufhaeuser.pdf"
  },
  {
   "for": "open research",
   "source": "https://paragon.ag/fileadmin/user_upload/Analystenberichte/2016/PARAGON_AG_201512141.pdf"
  },
  {
   "for": "open research",
   "source": "https://paragon.ag/fileadmin/user_upload/Analystenberichte/2012/paragon_AG_Close-Brothers-Seydler_Update_2012-05-29_Initial-Coverage.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/PGN"
  }
 ],
 "title": "PARAGON KGAA  INH O.N. (PGN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}