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 (
    3321, 10101, 10172, 8878, 514, 10070, 
    8295, 3315, 7353, 4939, 480, 3318
  ) 
  AND cscart_discussion.object_type = "P" 
  AND cscart_discussion.company_id = 1 
GROUP BY 
  cscart_discussion.object_id

Query time 0.00090

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
480 B 1171
514 B 1011
3315 5.0000 B 3098
3318 B 3100
3321 5.0000 B 1209
4939 5.0000 B 1290
7353 5.0000 B 1288
8295 5.0000 B 2468
8878 5.0000 B 2523
10070 4.7500 B 4286
10101 B 4364
10172 5.0000 B 4657