Trouble identifying this tool
Based on the previous answers and a reverse image lookup which turned out to be pretty accurate. I was able to identify these as:


  "COIL CRIMPING PLIERS"


These are a few features listed from an online store detailing the tool:


  
  Cut and crimp your plastic spiral coil in one clip.
  Comfortable Plastic Grip for easy crimping. 
  Pliers utilize a twin metal spring design to bounce back. The
  mechanism retracts after the pliers cut and crimp actions are
  complete.
  A Red dot marks the orientation for the proper direction to cut and crimp.
  


To be honest with you, I don't exactly know why you would need a special tool for this. Can I link video links?

Here's one in action:
https://www.youtube.com/watch?v=ZtClAvRoQUU

And here's a close-up image of the "desired" end result which was produced by a coil crimping machine! Added this to my answer because you can really see the details of the cut &amp; crimp.