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 (
    714, 10096, 9970, 552, 9841, 9870, 9969, 
    10967, 557, 10164, 716, 1016
  ) 
  AND cscart_discussion.object_type = "P" 
  AND cscart_discussion.company_id = 1 
GROUP BY 
  cscart_discussion.object_id

Query time 0.00144

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
552 B 2954
557 B 1142
714 B 3079
716 B 3076
1016 B 2816
9841 B 3237
9870 B 3341
9969 B 4486
9970 5.0000 B 4216
10096 B 4337
10164 B 4638
10967 B 10944