“Bolt Cutter”?
That’s a combined wire-cutter, stripper and crimper.
I have one, by a different maker but essentially identical, and though it can be awkward to handle it seems to function perfectly well.
It lacks that recoil mechanism some other types of wire-stripper use by which if you don’t complete their operating cycle fully the moving side springs back and bends the wire everywhere.
My sample’s joint is not tight. They need be close to be efficient but yours may be over-tight by a slight manufacturing defect.
The “rubbish tools” in my clutter tend to be pressed-steel spanners that don’t seem to fit anything, and were likely made for some specific purpose.
Worst though was a small, plastic vice with a lever-action suction-cup, so it leaps off the work-top on which it has left a neat circular mark. It was a “stocking-filler” Christmas present from a well-meaning relative! I think I’ve now given it to a charity-shop.