oliverstacy: I don't know what the SACM refers to but are you sure it's a 32 acp. If that is the correct caliber then I would ask you one question - does it function?
You raise concerns about the magazine and the way the bullets load into the mag but, the 32 acp has a slight rim on it and quite often you will see rimmed cartridges load that way into the mag.
Does the magazine retain the cartridges - if yes, then somewhat ok. Does it flip them out or cause jams when shooting - if no, then better ok.
Remember one thing about the 32 automatics - wht that rimmed case they need to be loaded so that the rim from the upper case does not catch on the rim from the lower case. Lay a couple of 22lrs out on a table and you will see what I mean about rims catching.
Failing all of that and your determination that the magazine is faulty (after casuing failures to feed or extract), check out the Shotgun News for two or 3 places that sell mags for that gun and get some new ones.
If it is just the looks of the cartridges in the magazine, see if the pistol works properly - if it does, then the visualization may be just the result of stacking rimmed 32 acps in a single stack magazine. HTH. Mikey.
ps: you're sure it's a 32 acp and not that French 32 caliber automatic they had in their WWII pistols. The 1935-A designation sounds a bit suspicious - can you provide any additional information on the pistol.