SELECT 
  cscart_discussion.object_id AS product_id, 
  AVG(
    cscart_discussion_rating.rating_value
  ) AS average_rating, 
  cscart_discussion.type AS discussion_type, 
  cscart_discussion.thread_id AS discussion_thread_id 
FROM 
  cscart_discussion 
  LEFT JOIN cscart_discussion_posts ON cscart_discussion_posts.thread_id = cscart_discussion.thread_id 
  AND cscart_discussion_posts.status = "A" 
  LEFT JOIN cscart_discussion_rating ON cscart_discussion.thread_id = cscart_discussion_rating.thread_id 
  AND cscart_discussion_rating.post_id = cscart_discussion_posts.post_id 
  AND cscart_discussion_rating.rating_value != 0 
WHERE 
  cscart_discussion.object_id IN (
    10163, 704, 8894, 10212, 8885, 8893, 
    9966, 523, 517, 8871, 10210, 9822
  ) 
  AND cscart_discussion.object_type = "P" 
  AND cscart_discussion.company_id = 3 
GROUP BY 
  cscart_discussion.object_id

Query time 0.00048

Explain
id select_type table type possible_keys key key_len ref rows Extra
1 SIMPLE cscart_discussion range object_id,company_id object_id 10 12 Using index condition
1 SIMPLE cscart_discussion_posts ref thread_id,thread_id_2 thread_id 3 mahm3t_cs443.cscart_discussion.thread_id 4 Using where
1 SIMPLE cscart_discussion_rating eq_ref PRIMARY,thread_id PRIMARY 3 mahm3t_cs443.cscart_discussion_posts.post_id 1 Using where

Result

product_id average_rating discussion_type discussion_thread_id
517 B 1987
523 B 1730
704 B 1694
8871 B 2022
8885 B 2005
8893 B 2012
8894 B 2013
9822 D 4178
9966 B 4292
10163 D 7210