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 (
    516, 10213, 10220, 10078, 8863, 9839, 
    10174, 388, 395, 7352, 8873, 9855
  ) 
  AND cscart_discussion.object_type = "P" 
  AND cscart_discussion.company_id = 3 
GROUP BY 
  cscart_discussion.object_id

Query time 0.00047

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
388 B 1616
395 D 1621
516 B 2094
7352 B 1671
8863 B 1992
8873 B 2018
9839 B 3240
9855 B 5496
10078 B 5497
10174 B 5495
10220 5.0000 B 5932