Yes, @CKartStudio, l downloaded a took a look at the PSD file. Nice job, but there are a few things that are probably adding to your failure rate.
First off get rid of the safe, red area stuff, or folder, l never do that, and a fair percentage get accepted, the guide lines are enough.
Second, the Party text is hard to see, so that is probably adding to your bin rate, (probably get away with the yellow on blue, but it is really hard to see on the wood).
And the background is too simple, or the water parts look great, but the background is a bit too much on the basic side.
A sun lighting affect for the ocean, would help.
Keep, going l failed 8 times before getting one in.