You'll need to force Premiere to use the correct aspect ratio. To do this, right click on the media in the project window, then select "Intepret Footage". Now select the correct aspect ratio.
The sound could be one of two things: either the audio compression isn't supported by Premiere, or you are routing the sound to a DV camcorder (which obviously won#t be heard if you don't have one plugged in).
For the latter, go Project > Project Settings > General > Playback settings, then untick Play Video on DV Hardware.
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